Gujral's picks: L&T, HDFC Bk, Sonata Soft, MRO-TEK, Tanla

L&T:

This stock has very strong support at Rs 1,400 and yesterday when the market went down to 4,360, that didn't make a fresh low or did not test Rs 1,400 and moved back to 1,440, so that today has today a stoploss at Rs 1,440 and could move back up to about 1,550.

HDFC Bank:

This stock also failed to retest its previous low when the Nifty had come down to 4,350 and that could move back upto Rs 1,520 and it has support around Rs 1,410.

The rally now is moving towards the small cap tech, the double digit type of tech stocks. Sonata didn't participate till now, it had a breakout yesterday, so we have support around Rs 37 and it could move upto Rs 45 during the course of the day.

MRO-TEK:

This stock broke out yesterday, it has got support around Rs 32, it could see levels of about Rs 37.

This stock has been correcting for the last many days, hasn't moved up at all with the rest of the IT pack, that moved up yesterday so it should have a good move, so its got support around Rs 52, target should be around Rs 61, so midcap IT is behaving in a bull market of its own so slowly the rallies are percolating down to smaller and smaller stocks.